The bankruptcy trustee for Bernard L. Madoff‘s investment firm filed an amended lawsuit against Mr. Madoff’s two sons on Tuesday, again claiming they were aware the operation was a fraud and seeking the return of more than $153 million they took in the form of what are described as inflated salaries, bonuses, sham loans and fabricated trading profits. via Madoff…
In January 2009, Satyam CEO B. Ramalinga Raju admitted that he had falsified the company’s financial records in a $1 billion fraud. Five years later, India’s SEBI has finally ordered Raju to disgorge $307 million, and a verdict in his criminal case is expected by the end of the month. via ‘Laws of the Land’ Finally Catching Up to Former…
Get caught up with the Securities Docket News Wire for July 15, 2014.
A former Deutsche Bank salesman in Tokyo was handed a suspended prison sentence on Wednesday for bribing a pension fund official in a case that has put a spotlight on the compliance practices of the Japanese arm of Germany’s largest bank. via Ex-Deutsche salesman gets sentenced in Tokyo for bribery — Reuters